New Issue: Apex refinances $242 million of notes from JFIN CLO 2016 transaction

Chicago, Oct. 28 – Apex Credit Partners LLC refinanced $242 million of notes due October 2028 from the JFIN CLO 2016 Ltd./JFIN CLO 2016 LLC transaction, according to a notice.

The issuers are now Apex Credit CLO 2016 Ltd./Apex Credit CLO 2016 LLC.

The refinancing includes $207 million of class A-S-1R floating-rate notes at Libor plus 130 basis points, $25 million of class A-S-FR 2.897% fixed-rate notes and $10 million of class B-F-RR 3.771% fixed-rate notes.

The refinanced classes have an extended non-call period ending in October 2020.

Jefferies LLC was the placement agent.

Apex Credit Partners, a subsidiary of Jefferies Finance LLC, will manage the CLO. Apex currently manages 13 CLOs.

Issuers:	Apex Credit CLO 2016 Ltd./Apex Credit CLO 2016 LLC
Original issuers:	JFIN CLO 2016 Ltd./JFIN CLO 2016 LLC
Amount:	$242 million
Maturity:	October 2028
Securities:	Fixed-rate and floating-rate notes
Structure:	Cash flow CLO
Placement agent:	Jefferies LLC
Manager:	Apex Credit Partners LLC
Call feature:	Non-call period ends in October 2020 (extended)
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Distribution:	Rule 144A
Class A-S-1R notes
Amount:	$207 million
Securities:	Senior secured floating-rate notes
Coupon:	Libor plus 130 bps
Ratings:	Moody’s: Aaa
	Fitch: AAA
Class A-S-FR notes
Amount:	$25 million
Securities:	Senior secured fixed-rate notes
Coupon:	2.897%
Ratings:	Moody’s: Aaa
	Fitch: AAA
Class B-F-RR notes
Amount:	$10 million
Securities:	Senior secured fixed-rate notes
Coupon:	3.771%
Rating:	Moody’s: Aa2

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